Ha Noi expects to boost cooperation with Chilean localities
VGP - Ha Noi wants to spur cooperation with Chilean localities, promote its investment environment, and boost business connections, trade, tourism and cultural exxchanges, said Chairman of the Ha Noi People’s Council Nguyen Ngoc Tuan.
Chairman of the Ha Noi People’s Council Nguyen Ngoc Tuan
The Chairman made the point during the Ha Noi-Chile business facilitation conference on August 18, which was part of the delegation's visit to Chile from August 16 to 18.
Tuan highlighted the strong and friendly relations between Viet Nam and Chile. noting that Chile was the first South American country to establish diplomatic ties with Viet Nam. He also expressed gratitude to the Chilean people for their long-standing support during Viet Nam's struggle for national liberation and ongoing nation-building efforts.
Regarding Viet Nam-Chile trade relations, Tuan emphasized that the Viet Nam-Chile Free Trade Agreement (VCFTA), signed on November 11, 2011, and effective from January 1, 2014, has opened up significant opportunities for businesses in both countries to explore and benefit from each other's markets.
"The cooperation between Ha Noi and Chile, however, remains modest despite the significant potential for growth," Tuan said.
He reaffirmed that Viet Nam, particularly Ha Noi, is an attractive, safe, and promising destination for foreign businesses and investors.
Tuan expressed the city's desire to strengthen cooperative ties between Ha Noi and Chilean localities, promote Ha Noi's investment environment, foster business connections, and boost investment, trade, and tourism activities.
"Ha Noi authorities are committed to creating optimal conditions for businesses to invest and operate successfully in the city," he continued.
Vietnamese Ambassador to Chile Pham Truong Giang said the positive developments in trade relations between Viet Nam and Chile in recent years.
According to Giang, Viet Nam is now Chile's fifth-largest trading partner in Asia, after China, Japan, the RoK, and India.
Within ASEAN, Viet Nam remains Chile's largest trading partner and the leading exporter to Chile. Meanwhile, Chile is one of Viet Nam's top four trading partners in Latin America, along with Brazil, Mexico, and Argentina.
Giang underlined the importance of promoting and engaging with international markets to capitalize on opportunities arising from global supply chain shifts, investment trends, and the advantages provided by various free trade agreements (FTAs) to which Viet Nam is a party.
"This would help enhance the promotion of Ha Noi's investment, business, and tourism environment, strengthen economic cooperation, and particularly boost tourism and investment attraction efforts with Chile and the broader South American region," Giang said./.
